news 4 days ago

Satori Capital Invests in Able Machinery Movers

The Associated Press

DALLAS & FORT WORTH, Texas--(BUSINESS WIRE)--Jan 11, 2019--Satori Capital, a Dallas/Fort Worth multi-strategy investment firm committed to the principles of conscious capitalism, announced today an investment in Able Machinery Movers, Inc. Able is a heavy machinery-moving and rigging company that serves customers in a variety of sectors, including manufacturing, medical, semiconductor, and food and beverage.

Based in Grapevine, Texas, Able was founded more than 60 years ago, and it has developed long-term relationships with a notable list of multinational customers, including Bell Helicopter, General Electric, TDIndustries, Tetra Pak, and Texas Instruments, among others. Able prioritizes completing projects safely, on time, and within budget, and its customers rely on Able’s experience placing machinery in areas with limited maneuverability, as well as its ability to work in sensitive environments such as data centers, clean rooms, and hospitals.

“The equipment Able handles is very large, very complex, and very expensive,” said Satori co-founder Sunny Vanderbeck. “You cannot trust it to just anyone, but Able has gained a well-deserved reputation for reliability, specialized expertise, and safety over its many years in business. We think there’s enormous potential for even more customers to discover what a valuable partner Able can be.”

Able’s president, David Krieger, joined the company more than 30 years ago and has developed a culture centered on exceptional customer service, efficient operation, and support for its team members. Able’s workforce is entirely composed of full-time employees rather than contractors, and in Mr. Krieger’s tenure, it has never laid off employees because of changes in workload or project demand.

“We care about our customers and our team members, and it was important to us to ensure those priorities would remain in place when we took on an investment partner,” said Mr. Krieger. “Satori understands the value of what we’ve built, and they’re helping us grow the right way. We’re enthusiastic about the possibilities for expanding our reach both geographically and through aligned partnerships – while preserving what we value. We couldn’t ask for a better partner than Satori.”

The transaction exemplifies the type of favorable outcome described in Mr. Vanderbeck’s upcoming book, Selling Without Selling Out: How to Sell Your Business Without Selling Your Soul. The book provides guidance to help business leaders articulate their priorities and find a buyer or capital partner who shares their values.

About Satori Capital

Satori Capital is a Texas-based multi-strategy investment firm founded upon the principles of conscious capitalism. Satori’s private equity business partners with leadership teams of companies with $5 million to $25 million of EBITDA that operate with a long-term perspective, commit to their mission or purpose, and create value for all stakeholders. Companies interested in additional information should visit www.satoricapital.com.

About Able Machinery Movers, Inc.

Based in Grapevine, Texas, Able Machinery Movers is a leading equipment-moving and rigging company serving commercial and industrial customers. Since its founding in 1957, Able has built a reputation for safely completing complex projects on time and within budget. Visit www.ablemachinerymovers.com for more information.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190111005445/en/

CONTACT: Hope Kahan

(214) 390-6282

hope@satoricapital.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING PROFESSIONAL SERVICES FINANCE CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: Satori Capital

Copyright Business Wire 2019.

PUB: 01/11/2019 03:27 PM/DISC: 01/11/2019 03:27 PM

http://www.businesswire.com/news/home/20190111005445/en